Discussion at Fed Shows No Sign of Developing US Central Bank Digital Currency

The U.S. appears to be stalling on developing a central bank digital currency, with policymakers at the Federal Reserve discussing the technology but not revealing whether they’ve made any progress on the matter.

Several other countries are researching the utility of CBDCs, and China appears to be well ahead of the game with its digital renminbi: The country released a digital wallet for citizens in January.